There is a bitter irony to the idea that a storm, strengthened by human - caused climate change, carries the potential to destroy
the very oil infrastructure that has contributed so much warming to our world.»
Not exact matches
«The Achilles heel of the industry may be that people are
very resistant to construction of necessary
infrastructure,» stated the report, which was sponsored by half a dozen
oil and gas companies and two law firms representing them and included a list of the type of people opposing pipelines and their motivations.
«It was the reason why, in spite of record
oil revenues between 2011 and 2013/14, we saw no savings, and
very little investment in
infrastructure and jobs, and, in spite of the billions of dollars reportedly invested in security, the Boko Haram insurgency did not abate.»
Capturing and sequestering 16 % of current global annual CO2 output would entail managing a mass of material
very close to the mass of the 80mb / d of crude
oil handled by the
oil industry's entire
infrastructure heritage — which has taken over a century to build while being funded by the planet's most profitable enterprise.
We do need to invest in
infrastructure in the face of the climate change we've already locked in, and if we don't simultaneously radically lower our emissions, and that by the way has huge implications for the industry that is the dominant industry in precisely the areas that are being hardest hit, the
oil and gas industry, which is a major economic engine in Texas and Louisiana, and specifically in some of the areas that are being hardest hit, which is a whole other layer of risk that we have seen
very little about.
Sure, these tar sands assets were stranded because of low
oil prices, and the
infrastructure built to extract tar sands could be turned back on anytime, but that seems
very unlikely.
But in the meantime, emphasizing the effects such legislation would have on curbing
oil dependence is not in the slightest bit dishonest — they are
very real impacts good legislation would have on the US energy
infrastructure.